28 12月 2022
Linklaters advises the dealer managers on AySA’s exchange offer and consent solicitation
Linklaters has advised BofA Securities, Inc., HSBC Securities (USA) Inc. and AdCap Securities LTD on the offer to exchange any and all of Agua y Saneamientos Argentinos S.A.’s (AySA) US$500 million 6.625% Senior Notes due 2023 (Existing Notes) for newly issued 7.900% Senior Notes due 2026 (New Notes) and cash, and the consent solicitation to eliminate certain events of default under the indenture governing the Existing Notes.
Approximately US$478.2 million in aggregate principal amount of Existing Notes, representing approximately 95.64% of the aggregate principal amount of Existing Notes outstanding, were tendered and accepted in the exchange offer. The proposed amendments were approved at a holders’ meeting of the Existing Notes and the supplemental indenture amending the indenture governing the Existing Notes became effective as of December 16, 2022.
AySA holds the exclusive concession for the provision of drinking water and sewage services in the City of Buenos Aires and 26 districts surrounding the Greater Buenos Aires Area.
The Linklaters team was led by partner Conrado Tenaglia and counsel Alejandro Gordano, alongside associates Madeleine Blehaut and Juan Mata, and foreign attorneys Mario Lercari and Manuel Eyzaguirre.
Approximately US$478.2 million in aggregate principal amount of Existing Notes, representing approximately 95.64% of the aggregate principal amount of Existing Notes outstanding, were tendered and accepted in the exchange offer. The proposed amendments were approved at a holders’ meeting of the Existing Notes and the supplemental indenture amending the indenture governing the Existing Notes became effective as of December 16, 2022.
AySA holds the exclusive concession for the provision of drinking water and sewage services in the City of Buenos Aires and 26 districts surrounding the Greater Buenos Aires Area.
The Linklaters team was led by partner Conrado Tenaglia and counsel Alejandro Gordano, alongside associates Madeleine Blehaut and Juan Mata, and foreign attorneys Mario Lercari and Manuel Eyzaguirre.
